A local owner occupier has acquired a food warehousing facility in Melbourne’s Thomastown to accommodate its growing operations.
CBRE’s Daniel De Sanctis, Amanda Traficante and Guy Naselli negotiated the $2.25 million sale of the 54-58 Lipton Drive property on behalf of Victoria Farm House Food Service.
The facility has a total building area of 2,140sqm and incorporates a stand-alone food warehousing facility with a cool room and freezer.
“The sale followed a highly competitive Expressions of Interest campaign, with the purchaser acquiring the property to upscale its operations and relocate from its existing premises in Preston,” Mr De Sanctis said.
The Thomastown facility is located on the edge of the Metropolitan Ring Road within an established industrial pocket offering direct access to Keon Parade, High Street and Mahoneys Road.
The circa 3,010sqm site comprises a large, clear span warehouse of approximately 1,890sqm, in addition to office/amenities of 240sqm.
It was purchased by a group which operates a number of businesses, the majority of which are in the manufacturing, joinery/cabinet making and engineering sectors.
CBRE’s Daniel De Sanctis, Amanda Traficante and Guy Naselli negotiated the $2.25 million sale of the 54-58 Lipton Drive property on behalf of Victoria Farm House Food Service.
The facility has a total building area of 2,140sqm and incorporates a stand-alone food warehousing facility with a cool room and freezer.
“The sale followed a highly competitive Expressions of Interest campaign, with the purchaser acquiring the property to upscale its operations and relocate from its existing premises in Preston,” Mr De Sanctis said.
The Thomastown facility is located on the edge of the Metropolitan Ring Road within an established industrial pocket offering direct access to Keon Parade, High Street and Mahoneys Road.
The circa 3,010sqm site comprises a large, clear span warehouse of approximately 1,890sqm, in addition to office/amenities of 240sqm.
It was purchased by a group which operates a number of businesses, the majority of which are in the manufacturing, joinery/cabinet making and engineering sectors.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
